TARP Watchdog Says Too Big To Fail Banks Got Bigger

Law360, New York (April 25, 2012, 3:49 PM EDT) -- The Troubled Asset Relief Program's internal watchdog said Wednesday that the massive $787 billion bank bailout had managed to increase the size of the nation's largest banks, and urged financial regulators to speed up writing rules meant to protect the financial system.

In her quarterly report to Congress, Christy Romero, TARP's special inspector general, also said the biggest banks, which received the largest amount of government support during the 2008 bailout, were now undertaking riskier activities than they did prior to the financial crisis.

“A recent...
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